Honda launches new City priced at Rs. 7.42 lakh

New Delhi: Hironori Kanayama (C), President and CEO of Honda Cars India Ltd, Yoshiyuki Matsumoto(L), Managing Officer of Honda Motor Company and HSCI Senior Vice President and Director Raman Kumar Sharma (R) at the launch of a "New 4th Generation of Honda City" in New Delhi on Tuesday. Photo:PTI\Vijay Kumar Joshi

Japanese carmaker Honda today launched an all-new version of its City sedan in India, including the first diesel variants of the car, priced between Rs. 7.42 lakh and Rs. 11.1 lakh (ex-showroom Delhi) as part of plans to strengthen its position in the country.

The company had discontinued the third-generation model of the car in November. The fourth generation of the sedan was unveiled globally on November 25.

Diesel variants of the new City will retail from Rs. 8.62 lakh to Rs. 11.1 lakh, while petrol versions are priced between Rs. 7.42 lakh and Rs. 10.98 lakh (ex-showroom Delhi).

"With the best of both petrol and diesel technologies available in Honda City, we are very confident about the success of the model, which will significantly contribute to our business growth in India," Honda Cars India Ltd (HCIL) President and CEO Hironori Kanayama told reporters here.

The petrol variant of the new Honda City comes with the existing 1.5 litre iVTEC engine, while the diesel version sports the recently launched 1.5 iDTEC diesel motor.

The new City was developed at the Honda R&D Centre in Tochigi, Japan, following extensive market surveys in India and the ASEAN countries.

HCIL's other models include the compact sedan Amaze and hatchback Brio. The Honda Amaze, introduced in April last year, was the company's first diesel offering in India.

It sold 73,OOO units in 2012-13 and aims to market 1.2 lakh cars this financial year on the back of new launches.

The company had launched the first-generation Honda City in India in 1998 and has so far sold 4.3 lakh units of the car.